Bitcoin for the People

Would you rather spend your money today or save it to spend into the future? For decades, fiat monetary policy has been pushing us all to spend, spend, spend ... ushering in an era of consumerism often mistaken to be capitalism. In this episode, we talk about time preference and how to lower yours...what the impact of a lower time preference will do for you, your money, and the world. Once again, sit back and marvel at how Bitcoin -- society's only man-free sound money -- will fix the dysfunctions of the world.

Joined again by Sovereign Mind, we explore Bitcoin and Energy. Through Bitcoin's proof of work mining protocol, energy is translated to value. Unlike prior energy monetization methods, bitcoin mining captures energy AT THE SOURCE and converts it immediately to value, without the need for transmission. This technological breakthrough will revolutionize energy markets AND how we organize civilization. Energy companies will become banks, developing countries no longer have to waste or export their natural gas while their country develops. The implications of bitcoin are massive. Making global energy markets more efficient is just one piece of a truly remarkable transformation.

"We can ignore reality. But we can't ignore the consequences for ignoring reality." -Ayn Rand Bitcoin is a monetary technology that is accessible to everyone. Anyone with internet access and $5 to save can save their time and energy using bitcoin. It cannot be manipulated by any outside authorities. Because of bitcoin's verifiable scarcity, Bitcoin adoption is a fantastic example of game theory. Participants can act anticipating how others in the future will eventually act. Increasingly, participants with larger pools of capital will begin to appreciate the power of Bitcoin and participate in the network. The larger the network gets, the less risky it becomes. With bitcoin - paradoxically - the higher the price, the lower the risk. Anyone with internet access chooses to either store their time and energy into bitcoin or to not store that productivity into bitcoin. Either way, making a decision to invest or not invest in bitcoin will have consequences. Do research and act accordingly.

Programmed to halve until the last Bitcoin is mined in ~2140, Bitcoin's open-sourced protocol rewards miners that compete to build the bitcoin blockchain with the world's most valuable, verifiably scarce digital currency. Bitcoin's finite supply is the protagonist in a world full of antagonistic inflationary fiat currencies. The network effect of Bitcoin cannot be replicated by altcoins. The utility and scarcity of Bitcoin is not rivaled by any physical commodity.

We've all heard it: bitcoin won't make it because... Because bitcoin uses too much energy. Because bitcoin will be outlawed. Because Bitcoin is too speculative. Because bitcoin is for criminals. Persevering through Fear, Uncertainty, and Doubt - a.k.a. FUD - is just a part of the experience for bitcoin HODLers. For precoiners, FUD might be a real reason they continue to sit on the sidelines and miss out on unprecedented performance from the World's most valuable asset. In this episode, Harvard Hodl and Sovereign Mind explore FUD, what it means, who are the players, and why it is always wrong. This was a fun one to record. Sovereign...we're gmi... (not financial advice)

In Episode 2, Sovereign Mind and Harvard Hodl discuss the characteristics that make Bitcoin most advanced monetary technology the world has ever seen. Sovereign shares his Bitcoin origin story. Don't trust, verify. (Not financial advice)  

In our very first episode, Harvard Hodl and Sovereign Mind explore the most significant problem Bitcoin solves: the money problem. Bitcoin is fixing humanity's most enduring economic problem – transmitting value across time and space. Money serves this market need, but up until now we've never had a perfect monetary technology. We explore inflation, the history of fiat monetary policies, and how fiat monetary policy results in inequality. Inflation is time-theft, limiting our ability to save and store our productivity for a prosperous future. Bitcoin allows us to store this value. This initial conversation is a great introduction for those who are curious about Bitcoin but don't know where to start.  (Not financial advice) wtfhappenedin1971.com